Sri Lanka’s economy grew by 1.6 per cent in the quarter from July to September, official data showed, as the country claws its way back from its worst financial crisis in more than seven decades following a record fall in foreign exchange reserves.
The expansion was the first since the end of 2021, with the upturn driven by a lower base, moderating inflation, a strengthening currency and lower interest rates, Sri Lanka’s Census and Statistics Department said in a statement. Sri Lanka’s agriculture sector grew 3 per cent from a year earlier, with an increase of 0.3 per cent in industrial output, while services grew by 1.3 per cent.
